GST On Rent

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43 Points Posted on 10 May 2020
person registered under GST proprietorship firm


but Rent from house property to an individual it is taxable under Gst?
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On 10 May 2020 at 19:14 Report
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This discussion clarifies whether GST is applicable when renting out a house property. The consensus is that renting a residential property for residential use is generally exempt from GST. This exemption is based on Notification No. 12/2017 - Central Tax (Rate), meaning no GST is typically attracted on residential rental income.

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banglore
1496 Points Posted on 10 May 2020
Renting of residential house is under exemption list and hence not taxable under GST
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On 10 May 2020 at 19:21
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605 Points Posted on 10 May 2020
As per Notification No. 12/2017 - Central Tax ( Rate ), dated 28.06.2017, Renting of Residential Immovable Property for Residential purpose is EXEMPTED from GST.

Hence GST not applicable on Residential Rental Income @ RISHI JI.
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On 10 May 2020 at 21:20
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GST Practitioner
55067 Points Posted on 11 May 2020
It's Exempted....... hence no GST is attracts
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On 11 May 2020 at 01:42
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Chartered accountant
290 Points Posted on 11 May 2020
Renting of residential dwelling for residential use are not subject to GST
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On 11 May 2020 at 08:30

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